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who knew that he was driving our deficit? >> reporter: he put up a cable tv ad. >> it's me, big bird. >> big, yell, oh a menace to our economy. mitt romney knows it is not wall street you have to worry about. it is sesame street. >> reporter: team obama even flew the messagever romney today. who mocked the president's move to save a tv character. >> i actually think we need to have a president who talks about saving the american people and saving good jobs and saving our future. >> reporter: a race with new energy and urgency in key states like ohio where this is the time day for voter registration. >> reporter: with romney ahead, but the president keeping his lead in the poll with a bigger group. all registered voters, democrats figure more than ever now, it is turnout that will decide who wins. i'm steve handelsman, news4. >>> the big day is almost here. the nationals' first game of the playoff season is tomorrow afternoon at nationals park against the cardinals by this time tomorrow, the game will probably be over. and tho
who knew that he was driving our deficit? >> reporter: he put up a cable tv ad. >> it's me, big bird. >> big, yell, oh a menace to our economy. mitt romney knows it is not wall street you have to worry about. it is sesame street. >> reporter: team obama even flew the messagever romney today. who mocked the president's move to save a tv character. >> i actually think we need to have a president who talks about saving the american people and saving good jobs and...
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. >> the four deficits are the four large zest u.s. history. he is adding as much debt -- >> the debt held by the public having increased by about 79% by upon. so when obama came to office, there was an officially projected deficit of $1.2 trillion. so he's not on the took for all of that. >> so, some good advice -- >> they blame to take the factual high ground and then go on to distort some of the facts. in our experience, any time a political campaign tells you they're giving you the facts, you're probably about to be bamboozled. >> special interest groups are spending big bucks trying to sway voters. it would pave the way for a casey know in prince georges county. that's on base to exceed candidate spending in the past two governor's races combined. there has also been big spending for question six that would uphold a state law. groups supporting and opposing that law have spend more than $4 million -- >> a coalition of religion groups are set to call on metro. the coalition that includes representatives from christian, jewish and muslim gro
. >> the four deficits are the four large zest u.s. history. he is adding as much debt -- >> the debt held by the public having increased by about 79% by upon. so when obama came to office, there was an officially projected deficit of $1.2 trillion. so he's not on the took for all of that. >> so, some good advice -- >> they blame to take the factual high ground and then go on to distort some of the facts. in our experience, any time a political campaign tells you they're...
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he said that by the end of his first term, he could cut the deficit in half, and yet he still -- >> everybody is loving it here. weekend update also made fun of vice president bideen's energy levels at the debate. seth meyers said that paul ryan prepared by studying policy, and vice president biden drank a lot of red bull. >> i this that was all natural. >> that will wrap it up for today, we'll be back in 25 minutes with another local news update.
he said that by the end of his first term, he could cut the deficit in half, and yet he still -- >> everybody is loving it here. weekend update also made fun of vice president bideen's energy levels at the debate. seth meyers said that paul ryan prepared by studying policy, and vice president biden drank a lot of red bull. >> i this that was all natural. >> that will wrap it up for today, we'll be back in 25 minutes with another local news update.
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bringing them back 18-point deficit. the leadership, the will to win, all of the things that his teammates really feed on. and i just thought he was sensational. the start of a really great career and i know the colts are just excited to have him there. robert griffin iii started out a little bit faster than luck. had that big game opening day and this is the thing that they are doing with him. they are getting him out of the pocket on design plays and he is going to have to do this more, bob. he is going to have to run out of bounds, know when the play is over and not try to make every play a touchdown. he got hurt today. and i think he is going to learn from that, but these two young men are going to be great quarterbacks in the league for a long time to come. >> well, the last thing you mentioned ties into the first thing. we will talk to mike florio about. here is mike from pro football talk who will take us through the day's injuries which includes the concussion suffered by robert griffin iii. >> tony mentioned tha
bringing them back 18-point deficit. the leadership, the will to win, all of the things that his teammates really feed on. and i just thought he was sensational. the start of a really great career and i know the colts are just excited to have him there. robert griffin iii started out a little bit faster than luck. had that big game opening day and this is the thing that they are doing with him. they are getting him out of the pocket on design plays and he is going to have to do this more, bob....
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get this deficit and debt under control. make trade work for america so we can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. they keep misquoting him. but let me tell you about the mitt romney i know. this is a guy who i was talking to a family in northborough, massachusetts, the other day. cheryl and mark nixon. their kids were hit in a car crash. four of them. two of them were paralyzed. the romneys didn't know them. they went to the same church. mitt asked if they could come over on christmas. he brought his boys, his wife and gifts. later on he said i know you're struggling, mark. don't worry about their college, i'll pay for it. when mark told me this story, because you know what, mitt romney doesn't tell these stories. the nixons told this story. he said it wasn't the help, the cash help, it's that he gave his time and he has consistently. this is a man who gave 3
get this deficit and debt under control. make trade work for america so we can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. they keep misquoting him. but let me tell you about the mitt romney i know. this is a guy who i was talking to a family in northborough, massachusetts, the other day. cheryl and mark nixon. their kids were hit in a...
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. >> the trade deficit that china has cost the united states almost 3 million jobs. >> sherrod brawn is calling for action against cheating china. >> they don't play fair and we have to fight back. >> he said his bill will force trade -- >> it creates and protects job by cracking down on chinese currency manipulation. >> i brought democrats and republicans together to pass legislation on china. now we can level the playing field for workers. i'm sherrod brown and i approve this megsage. >> why are they spending so much from polling in other races show they are closing race? >> because they think this is as good a pickup tune as any that might be out there. look, the reality is sherrod brown, you described him as a populous. that's true he runs as such. he's also a liberal senator who is stuck to the hip to the obama administration roar. so on stimulus, on obamacare, and this is a state that is not necessarily overly liberal, in fact, it's conservative in many ways. they see this opportunity, they have this young man who is relatively new to politics, very charismatic, he's been a big
. >> the trade deficit that china has cost the united states almost 3 million jobs. >> sherrod brawn is calling for action against cheating china. >> they don't play fair and we have to fight back. >> he said his bill will force trade -- >> it creates and protects job by cracking down on chinese currency manipulation. >> i brought democrats and republicans together to pass legislation on china. now we can level the playing field for workers. i'm sherrod brown...
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romney's tax cuts will add $5 trillion to the tax cuts. >> if it's true it's not going to add to the deficit, that leaves only one option. that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest add to cut funding for pbs. >> big bird. big bird. he's focused on saving big bird. it's kind of a strange thing in my view because i'm focused on helping the american people get good jobs. >> reporter: sesame street asked the president to pull the big bird ad. >> twice in the six month lead up you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings for president obama romney's closing the gap. the latest poll, reuters has them tied, gallup has him up by 2 and q has them up by 4. >> reporter: we were talking about polls in the battleground state. it also looks like according to other polls that pennsylvania and michigan may no longer be safe bets for the president. lynn? >> trac
romney's tax cuts will add $5 trillion to the tax cuts. >> if it's true it's not going to add to the deficit, that leaves only one option. that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest add to cut funding for pbs. >> big bird. big bird. he's focused on saving big bird. it's kind of a strange thing in my view...
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in massachusetts. here is why. it keeps lopping off 10%, 15%. we need to move -- use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. this is the place where we have giant planes and take big groups and big equipment and have disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in places like the standing army. we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in...
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this week, that deficit is $1.1 trillion and it happened on his watch. he has to answer for that. >> david, we have now had o debates with the vice president and president where mitt romney and his running mate have said that they will not put new revenue on the table. one thing that did come out in the debate between romney and obama was that mitt romney stood by his raising of the hand where he said he wouldn't take 10 cuts for one new measure of revenue. paul ryan said the exact same thing. >> well, that is a fact. they are not willing to raise revenue as far as we know except for broadening the base, dealing with some elimination of deductions, but nobody wants to cross that rubicon of raising new revenue. >> but there's a difference between raising revenue and raising taxes, isn't there? john f. kennedy cut taxes and raised revenue because of a growing economy. the word that democrats don't seem to understand is growth. which is what the country is looking for, growth in jobs. two very different philosophies. it's like a house. and i think the obama
this week, that deficit is $1.1 trillion and it happened on his watch. he has to answer for that. >> david, we have now had o debates with the vice president and president where mitt romney and his running mate have said that they will not put new revenue on the table. one thing that did come out in the debate between romney and obama was that mitt romney stood by his raising of the hand where he said he wouldn't take 10 cuts for one new measure of revenue. paul ryan said the exact same...
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. >> when he was asked how he would actually cut spending and reduce the deficit, he said he'd go after funding for public television. elmo, you better make a run for it. >> reporter: on the stump in virginia, romney says the jobless numbers don't tell the whole story. too many workers, he says, have simply stopped looking. >> when i'm president of the united states, that unemployment rate is going to come down, not because people are giving up and dropping out of the work force, but because we're creating more jobs. >> reporter: with the unexpected drop, some saw a conspiracy. former general electric chairman jack welch seemed to accuse the obama campaign of cooking the books, tweeting unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numberns. later on "hardball", welch admitted he has no evidence to back that up, but he remained defiant. >> i don't want to take back one word in that tweet. it seems coincidental that one month before the election they would end up at 7.8. >> reporter: the charge was met with outrage from many, including the presid
. >> when he was asked how he would actually cut spending and reduce the deficit, he said he'd go after funding for public television. elmo, you better make a run for it. >> reporter: on the stump in virginia, romney says the jobless numbers don't tell the whole story. too many workers, he says, have simply stopped looking. >> when i'm president of the united states, that unemployment rate is going to come down, not because people are giving up and dropping out of the work...
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he should be angry these people have the gall to talk to him about the deficit, the gall to talk to him about foreign policy. chris: one more time, before you get back to this, it seems to me biden did a couple of things on thursday night this week. one, he opened up this abortion debate. maybe it was a good question by martha raddatz. maybe it was too broad, but they narrowed it in a second. they both gave elm passioned arguments. but the one by ryan said if i get a shot i'm going to outlaw abortion, i'm going to ban it, and biden said now we live in a society where we're telling everybody else how to live by law. does he charge at romney, who's been dodge-balling this issue for weeks now? >> sure. abortion is one of those issues where it's harder to make us sort of tack to the center. you're on one side or you're on the other side. to some extent one of the things i noticed is that no social issues came up at all and it worked to romney's advantage, because he was able to make this rhetorical shift and moderate a lot of his -- chris: single women going to him in those days afterwards.
he should be angry these people have the gall to talk to him about the deficit, the gall to talk to him about foreign policy. chris: one more time, before you get back to this, it seems to me biden did a couple of things on thursday night this week. one, he opened up this abortion debate. maybe it was a good question by martha raddatz. maybe it was too broad, but they narrowed it in a second. they both gave elm passioned arguments. but the one by ryan said if i get a shot i'm going to outlaw...
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trillion, you're not going to tell us one loophole you'd close, you're not going to run up the deficit or taxes on the middle class. >> very quickly -- >> no, no. it goes back to bill clinton. >> there was a story out yesterday that that claim is fiction because you don't count the loophole closing. >> what loophole? >> he talked about mortgage interest. really quickly -- >> mortgage interest? >> he has never talked about mortgage interest. >> the hilarity that there is one -- >> we have one loophole. >> mike, finish, but then i want to get on to something else. >> the president says he wants to lower tax cuts to big corporations. how to pay for it? loopholes. what loopholes? nothing. we'll tell you after the election. you're attacking romney for the same thing. >> i want to talk about the gas prices. one thing that was striking, speaker gingrich, is what some were arguing about the actual numbers. jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation.
trillion, you're not going to tell us one loophole you'd close, you're not going to run up the deficit or taxes on the middle class. >> very quickly -- >> no, no. it goes back to bill clinton. >> there was a story out yesterday that that claim is fiction because you don't count the loophole closing. >> what loophole? >> he talked about mortgage interest. really quickly -- >> mortgage interest? >> he has never talked about mortgage interest. >> the...
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. >> obama's four deficits are the four largest in u.s. history. >> reporter: with mitt romney's debate performance now showing up in the polls, it is putting even more importance on the next two debates to come. both presidential debates touched down in ohio tuesday night with mitt romney campaigning near youngstown and president obama at the ohio state university in columbus. the vice presidential candidates meanwhile continue to prepare for their first debate thursday night in kentucky. in the newsroom, tom fitzgerald, fox 5 news. >>> how often do you check your facebook or twitter account. >> too much no some people. ahead in about 15 minutes, the social networking may be far more tempting than you may think. first, let's talk to tucker barnes. >> all right, we've got some fog and low clouds across the region. cool temperatures too. guess what. sunshine is back and with it, mild temperatures. i'll have all the details on the weather forecast. julie wright will have your getting around traffic coming up right after the break. alright le
. >> obama's four deficits are the four largest in u.s. history. >> reporter: with mitt romney's debate performance now showing up in the polls, it is putting even more importance on the next two debates to come. both presidential debates touched down in ohio tuesday night with mitt romney campaigning near youngstown and president obama at the ohio state university in columbus. the vice presidential candidates meanwhile continue to prepare for their first debate thursday night in...
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. massachusetts. here is why. it keeps lopping off 10%, 15%. we need to use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. giant planes and take big groups disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in the cuts need to be in places like the standing army. we do not need the same size standing army as we did when we were fighting two wars. what we need to do is we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. massachusetts. here is why. it keeps lopping off 10%, 15%. we...
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. >>> trade deficit, import prices and consumer sentiment, three things wall street will be watching all week long. >>> plus, why is best buy taking the geek squad out on the road? for that and the rest of your news before the bell, let's turn things over to courtney reagan live at cnbc world headquarters. >> reporter: good morning to you. futures are lower this morning as the markets come off a positive week with the dow and s&p 500 both rising more than 1%. the dow is just about 550 points away from its all-time high. there's no economic data today but we'll get reports later this week on the trade deficit, import prices and consumer sentiment. earnings season also kicks off tomorrow night with alcoa's results. the dow rose 34 points friday to 13, 610. the nasdaq slipped 13 points to 3136. >>> best buy is bringing the geek squad to the worldwide web. the electronics retailer has expanded the reach of its well-known tech support team from fixing up pcs, tablets and other electronic devices. they launched the 24/7 geek squad service on ebay and is testing it at a select number of tar
. >>> trade deficit, import prices and consumer sentiment, three things wall street will be watching all week long. >>> plus, why is best buy taking the geek squad out on the road? for that and the rest of your news before the bell, let's turn things over to courtney reagan live at cnbc world headquarters. >> reporter: good morning to you. futures are lower this morning as the markets come off a positive week with the dow and s&p 500 both rising more than 1%. the dow...
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in massachusetts. here is why. it keeps lopping off 10%, 15%. we need to use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. this is the place where we have giant planes and take big groups and big equipment and have disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in places like the standing army. we do not
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in...
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we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to more government, less government, pay month for that government, pay less for that government, and that is the debate. >>guest: pbs is a good example. if it is as valuable as people say, the world woul
we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame...
SFGTV2: San Francisco Government Television
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supervisor chu: we know that our budget deficit is a significant one. at the moment, blooms are around $380 million -- at the moment, it looms around $380 million. we could not meet that gap. i think the city needs to take a balanced approach, and if you take a look at previous years, we have taken a look at things like where are fee revenues, what do those look like? where are the changes in other revenue pictures, whether it is transfer tax or hotel tax or other things that help to improve the picture. in addition to that, how is it that we can really control some of our expenses? i think that in order to address the $380 million budget deficit, we really have to take a look at both sides, revenue side as well as the cost side of things, and i think there are certain things that the city can do right now that might that not impact this year's budget or -- that might not impact this year's budget for next year's budget but will have a long-term effect. i mean pension reform and some of the ways we calculate those liabilities. those will be important to
supervisor chu: we know that our budget deficit is a significant one. at the moment, blooms are around $380 million -- at the moment, it looms around $380 million. we could not meet that gap. i think the city needs to take a balanced approach, and if you take a look at previous years, we have taken a look at things like where are fee revenues, what do those look like? where are the changes in other revenue pictures, whether it is transfer tax or hotel tax or other things that help to improve...
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the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge expansion that lasted for decades, a building of the middle class that's the envy of the world or used to be. peter, peter morici, can this feat of rebuilding the middle class and reducing the deficit, can that happen again? >> absolutely, but we have to remember that roosevelt inherited a very small government, so expanding it wasn't the rock on the back of the private sector. a more comparable situation was reag reagan's dilemma, inherited an economy with double digit inflation and interest rates and unemployment that peaked at 10.8%, not 10 as mr. obama's did, but hy he took his stimulus in
the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge...
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obama's four deficits are the four largest in u.s. history. he's adding almost as much debt as all 43 previous presidents combined. and over 30 cents of every dollar obama spends is borrowed, much of it from countries like china. he's not just wasting money; he's borrowing it and then wasting it. we can't afford four more years. >> why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how can we ever trust him here? >> brown: meanwhile, on the fox news channel last night, romney reversed course on his remark that 47% of americans don't pay taxes and, in his words, are dependent on government, so he couldn't worry about them and their votes. >> in this case, i said something that's just completely wrong. and absoluly believe, however, that my life has shown that i care about the 100% and that has been demonstrated throughout my life. this whole campaign is about
obama's four deficits are the four largest in u.s. history. he's adding almost as much debt as all 43 previous presidents combined. and over 30 cents of every dollar obama spends is borrowed, much of it from countries like china. he's not just wasting money; he's borrowing it and then wasting it. we can't afford four more years. >> why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the...
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but most of the economist who crunched the numbers said governor romney plan rather blow up the deficit or raise taxes for the middle-class. it's one or the other that is our arithmetic works. >> of the president has been written earlier is set to head to s f o brown 9 p a in this morning with a takeoff schedule of all around 9: 25. in less than one hour from now jerry sandusky will learn his fate he will be sentenced today. a live look here is forcing the shot 73 years. >> the young man who is dramatic the veteran accuser who always sought attention started everything. he was drawn by a well orchestrated effort of the media: investigators to the system in state psychologists and other accusers. they want i've wondered what they really want. financial gain, a prestige of a temporary. >> stay with kron 4 will bring you the latest from the hearing this morning at 6:00 we will have live updates as that hearing gets underway. if there at 8: 15 kron for legal expert jim hammer will join us on set and will talk about the the bay area over night they went up again. in our status by one penny t
but most of the economist who crunched the numbers said governor romney plan rather blow up the deficit or raise taxes for the middle-class. it's one or the other that is our arithmetic works. >> of the president has been written earlier is set to head to s f o brown 9 p a in this morning with a takeoff schedule of all around 9: 25. in less than one hour from now jerry sandusky will learn his fate he will be sentenced today. a live look here is forcing the shot 73 years. >> the...
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it's called the deficit. 1,100,000,000,000 bucks. what do you think that is? >> you can't solely tax your way out of it. raises taxes doesn't do a darn thing to change the demographics of a country. or the fact that health care is growing at a faster gdp. you also can't solely cut your way out of it without hurting the truly disadvantaged or without making such significant cuts in education and infrastructure, energy and research that we're not competitive in a knowledge-based global economy. >> i want to ask you, because a lot of this is predicated -- >> can i say one thing on that? >> yeah. >> even if it was a matter of economics you could live life on one extreme or the other. as a matter of political reality you can't. the country is divided on this. whoever wins the election i hope they realize that you have to bring the entire country with you. you have to do this in a bipartisan way. or else we're going to be a very volatile system as we go from one extreme to the other extreme as the parties trade tenures in office. whoever does this is going to have t
it's called the deficit. 1,100,000,000,000 bucks. what do you think that is? >> you can't solely tax your way out of it. raises taxes doesn't do a darn thing to change the demographics of a country. or the fact that health care is growing at a faster gdp. you also can't solely cut your way out of it without hurting the truly disadvantaged or without making such significant cuts in education and infrastructure, energy and research that we're not competitive in a knowledge-based global...
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Oct 7, 2012
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to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's plan. he is calling for a permanent across-the-board 20% cut in marginal rates. it also maintains current tax rates on interest, dividends, and capital gains. eliminating taxes on adjusted gross income below $200,000. he would eliminate the estate tax and repeal the amt. jump into some of the other mentions for guest: us repealing the alternative minimum tax is something economists would like. it is a parallel tax system. in principle every american has to compute their taxes two ways. they have to pay whichever amount is hi
to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's...
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Oct 9, 2012
10/12
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? 123-40-6789 she said she won and lost and now being sued. the mcdonald's employee who claim she won the lootery in maryland made coworkers mad. 14 are suing her for fraud. she was part of the office pool and believe she's hiding her jackpot winnings but the maryland lottery said guess what, she never won. the lottery officials say three school teachers won it. the mcdonald's employees claim wilson offered to pay the teachers a million bucks to claim the prize so she would not have to share it with them. >>> a horrible ending to what was supposed to have been a daring act. a man competed and won an insect-eating contest and died shortly after the competition ended. investigators say he was one of 30 people who competed last friday in deerfield beach, florida. he ate dozens of live cockroaches and worms and got sick afterwards. >> we're all sad, sad for the family and for us, for him. it's a bad situation. >>
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? 123-40-6789 she said she won and lost and now being sued. the mcdonald's employee who claim she won the lootery in maryland made coworkers mad. 14 are suing her for fraud. she was part of the office pool and believe she's hiding her jackpot winnings but the maryland lottery said guess what, she never won. the lottery...
SFGTV2: San Francisco Government Television
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Oct 6, 2012
10/12
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SFGTV2
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our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billion came in, they thought they were king of the mountain and spend it. arnold came in to clean it up. a couple years later, he left town and $26 billion this year. this has been the nature for the last decade, kicking the can down the road. not talking straight. the way it is. the way it is, it is a tale of two cities. there is fabulous wealth and link electronics, inc. model number: pdr-885 software version: 3.0c in some places it would be food or shelter or lov
our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was...
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Oct 11, 2012
10/12
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WRC
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he has turned a two-point deficit last week into a one-point lead 48-47. in ohio, the president still leads, but romney gained two points since last week to shrink the gap 51-45. in florida, it is just a one-point lead for the president, 48-47. >>> romney is elaborating his position on abortion. his clarification comes after an interview earlier this week with a newspaper in iowa. the republican presidential nominee told "the des moines register" that if elected, he would not pursue abortion-related legislation. reporters asked him about that comment during a campaign stop in ohio. romney spelled out steps he'd take on the abortion issue. >> i think i said time and again, i'm a pro life candidate, i'll be a pro life president. the actions i'll take immediately are to remove funding for planned parenthood. it will not be part of my budget. >> the obama campaign says romney is hiding his true positions on women's issues and would support banning all abortions. today president obama taking his campaign to florida. he'll travel to miami this afternoon and hold
he has turned a two-point deficit last week into a one-point lead 48-47. in ohio, the president still leads, but romney gained two points since last week to shrink the gap 51-45. in florida, it is just a one-point lead for the president, 48-47. >>> romney is elaborating his position on abortion. his clarification comes after an interview earlier this week with a newspaper in iowa. the republican presidential nominee told "the des moines register" that if elected, he would not...
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Oct 9, 2012
10/12
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KPIX
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. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many instances involving the l
. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's...
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Oct 7, 2012
10/12
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FOXNEWS
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Oct 9, 2012
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will ryan wonk out on the debt and deficit? all important questions for which there is a time and place. but here and now i'd like to spend a minute sharing my fantasy because fantasies are fun and my fantasy about joe biden is bo to get weird. he does away with the restricter plate he drove around with in 2008. a joe biden with a governor is no joe i want to see. in my version biden plays it big and surgically, hazing the young kid from the minor leagues who doesn't know what it's like to perform in the big show. it goes something like this. >> relax. don't try to strike everybody out. strikeouts are boring. besides that, they're fascist. throw some ground balls. more democratic. >> what's this guy know anyway? he's so great how come he's been in the minors for ten years? if he's so hot how cam they want me instead of him? >> and another thing, you don't know [ bleep ], all right? you want to make it to the show, you'll listen to me. she wants you because she can boss you around, got it? relax, let's have some fun out here. th
will ryan wonk out on the debt and deficit? all important questions for which there is a time and place. but here and now i'd like to spend a minute sharing my fantasy because fantasies are fun and my fantasy about joe biden is bo to get weird. he does away with the restricter plate he drove around with in 2008. a joe biden with a governor is no joe i want to see. in my version biden plays it big and surgically, hazing the young kid from the minor leagues who doesn't know what it's like to...
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allen charged senator kaine would turn to tax hikes to battle the deficit. while kaine accused allen of hollow promises void of specifics. tonight's moderator said the tax discussion will undoubtedly emerge again. >> allen said the tax cuts should be for everyone, tim kaine says in fact that families making over $500,000 should have their tax rates raised back to where they were when bill clinton was president. so taxes is going to be a clear distinction here. >> reporter: both candidates put up new ads today. . >> we're a great team. we'll be a great team in washington. >> reporter: allen's latest ad focuses on the looming budget cuts that could hit hard in the defense industry. >> george allen's plan stops the defense cuts, creates jobs, and grows our economy. >> reporter: while kaine has outraised allen, outside groups have spent tens of millions of ads against kaine. polls have been mostly deadlocked until the last few days when three surveys show kaine pulling ahead. swing voters they say might vote a split ticket. >> the vast majority of people who vot
allen charged senator kaine would turn to tax hikes to battle the deficit. while kaine accused allen of hollow promises void of specifics. tonight's moderator said the tax discussion will undoubtedly emerge again. >> allen said the tax cuts should be for everyone, tim kaine says in fact that families making over $500,000 should have their tax rates raised back to where they were when bill clinton was president. so taxes is going to be a clear distinction here. >> reporter: both...
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Oct 6, 2012
10/12
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WETA
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you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them
you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for...
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Oct 6, 2012
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one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. win.thought romney was
one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers....
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Oct 10, 2012
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>> obamacare ads trillions to our deficits and to our national debt. i will repeal obamacare. >> jon: all right. that's something. and while the statement "obamacare adds trillions to our deficit and to our national debt" is a lie! (laughter) it's a complete lie. (laughter) the point is it's going. we have an immoral debt. while covering people with pre-existing conditions and keeping people on their parent's health insurance is popular, cuts have to be made. >> there are a number of things that i like in health care reform. one is to make sure that those with pre-existing conditions can get coverage. two is to assure that the marketplace allows for individuals to have policies that cover their family up to whatever age they might like. >> jon: so you're repealing obamacare but you're keeping the good parts of health care, social security, and medicare for current seniors and you're going to keep the employment and you're going to cut taxes by 20% and build more submarines and destroyers that the pentagon doesn't want and tackle our immoral debt and de
>> obamacare ads trillions to our deficits and to our national debt. i will repeal obamacare. >> jon: all right. that's something. and while the statement "obamacare adds trillions to our deficit and to our national debt" is a lie! (laughter) it's a complete lie. (laughter) the point is it's going. we have an immoral debt. while covering people with pre-existing conditions and keeping people on their parent's health insurance is popular, cuts have to be made. >>...
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Oct 6, 2012
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for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked in the oval office, i had more than a trillion dollar deficit greeting me, and we know where it came from. two wars that were paid for on a credit card, two tax cuts that were not paid for, and a whole bunch of programs that were not paid and then a massive economic crisis. >> question. president obama's gambit has been to blame his predecessor bush for his $4 trillion deficit. why didn't that pay off, pat? >> frankly, president bush is an argument that obama has used which has been somewhat effective, that he inherited a very tough situation. >> he knew what he was inheriting. >> but he didn't mention bush's
for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked...
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Oct 8, 2012
10/12
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KCSM
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he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, but there is no question the obama campaign folks, every time biden is out there, they are nervous about w
he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been...
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Oct 13, 2012
10/12
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CNNW
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finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society. he wants to do that by the end 6 his first term. right now government spending is at 25% of gdp. let's shed some more light on what romney's america would look like. kevin hassette is an economic adviser for mitt romney. stevon moore is an editorial writer for "the wall street journal." my good friend christine romans is the host of "your botto line" right here on cnn. folks, no party or ideological spin today, no using the name obama or the term democrat. pain the me a picture of what the world looks like under romney four years from
finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society....